Oracle (NYSE:ORCL) Downgraded by ValuEngine

ValuEngine cut shares of Oracle (NYSE:ORCL) from a buy rating to a hold rating in a report published on Thursday morning, ValuEngine reports.

ORCL has been the topic of several other research reports. Macquarie cut shares of Oracle from an outperform rating to a neutral rating and reduced their price target for the stock from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Barclays increased their price target on shares of Oracle from $55.00 to $59.00 and gave the stock an equal weight rating in a research report on Thursday, June 20th. Raymond James increased their price target on shares of Oracle from $57.00 to $61.00 and gave the stock an outperform rating in a research report on Thursday, June 20th. Morgan Stanley increased their price objective on shares of Oracle from $54.00 to $59.00 and gave the stock an equal weight rating in a research note on Tuesday, May 21st. Finally, Jefferies Financial Group increased their price objective on shares of Oracle from $61.00 to $66.00 and gave the stock a buy rating in a research note on Thursday, June 20th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and nine have given a buy rating to the company’s stock. Oracle currently has an average rating of Hold and a consensus target price of $54.58.

Shares of ORCL stock traded down $0.04 during trading hours on Thursday, hitting $55.84. 12,644,400 shares of the company were exchanged, compared to its average volume of 10,684,940. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. Oracle has a one year low of $42.40 and a one year high of $60.50. The firm has a 50-day moving average price of $57.41. The company has a market cap of $186.41 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.63 and a beta of 1.15.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The business had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter last year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle will post 3.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.72%. Oracle’s payout ratio is currently 30.38%.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $54.52, for a total value of $204,450.00. Following the sale, the director now owns 27,969 shares in the company, valued at $1,524,869.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.92, for a total transaction of $5,692,000.00. Following the completion of the sale, the executive vice president now owns 177,919 shares in the company, valued at approximately $10,127,149.48. The disclosure for this sale can be found here. Insiders sold 1,356,250 shares of company stock worth $76,913,375 in the last 90 days. 32.00% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in ORCL. Dimensional Fund Advisors LP increased its stake in shares of Oracle by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,351,607 shares of the enterprise software provider’s stock valued at $377,074,000 after purchasing an additional 393,223 shares during the period. Brown Advisory Inc. increased its stake in shares of Oracle by 6.6% in the fourth quarter. Brown Advisory Inc. now owns 621,480 shares of the enterprise software provider’s stock valued at $28,060,000 after purchasing an additional 38,303 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $285,000. ARP Americas LP increased its stake in shares of Oracle by 17.8% during the fourth quarter. ARP Americas LP now owns 19,900 shares of the enterprise software provider’s stock valued at $898,000 after acquiring an additional 3,000 shares during the period. Finally, Fort L.P. increased its stake in shares of Oracle by 53.6% during the fourth quarter. Fort L.P. now owns 43,607 shares of the enterprise software provider’s stock valued at $1,969,000 after acquiring an additional 15,214 shares during the period. Institutional investors own 54.26% of the company’s stock.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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